Plansmith Blog

Answered: Bankers' 5 Most Painful Questions about Backtesting

Posted by Dave Wicklund on 1/23/17 8:18 AM

Backtesting can be a painful topic for bankers. In this post, I'll answer the top 5 most common questions I hear about backtesting. I'll reference my first post, Independent Review, Model Validation, and Backtesting, so you might want to revisit it before reading on. In that blog, we looked at the interrelationship of these three items and brought up a few questions on backtesting.

Specifically, we questioned 5 things: who should do it, how often should it be done, what period should be covered, do you need to backtest model results and assumptions, and why even bother if market rates really aren’t changing.

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OCC: Risks Facing National Banks & Federal Savings Associations

Posted by Jim Fugitte on 1/6/17 2:55 PM

In its Semiannual Risk Perspective, the OCC said strategic risk remains high as banks consider business model changes and face revenue challenges.

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The Loyalty Benefit: 5 Steps to Win Back Business

Posted by Megan Plis on 1/6/17 8:53 AM

 

It's a new year. It's a good time to evaluate performance and revisit overall bank strategy. The new year also means looking into sales techniques. Of course you focus on prospective clients, but what about everyone else? Who is everyone else? Good question...

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The Loyalty Benefit: 5 Steps to Improve Client Retention

Posted by Megan Plis on 1/6/17 8:51 AM

New Year - New Clients?

It's true, it is a new year. What happens when the new year hits? Sales goals are reset, people are desperate for change and everyone is presented with a fresh start -- ready or not. If it sounds overwhelming, you're not wrong, but let's focus on the positives.

In this time of chaotic newness lies beautiful opportunity. This includes the chance to earn new business, as well as the opportunity to maintain current clients and win back former ones. It's definitely an exciting concept, so let's dive in!

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Learning to Lead: 5 Things a Leader Must Learn

Posted by Sue West on 12/28/16 7:56 AM

From my very first job at 15, I knew I had management potential. I was always able to coordinate a variety of projects at once. I often compare myself to a circus act. You know, the one that keeps the plates spinning on sticks at one time? Now known as "multitasking."

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3 Ways to Reward Your Employees (And I'm Not Talking Money!)

Posted by Megan Plis on 12/8/16 9:18 AM

Money isn't everything! Yeah, it's important, but it's not all that matters to employees -- and upping the pay scale isn't always possible. When a raise isn't an option, consider these three alternatives to reward your high-achieving employees.

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Another Reason to do Strategic Planning

Posted by Tom Parsons on 11/18/16 3:46 PM

I’ll Take BOSS for $1,000, Alex

Answer: “Because the OCC says so.”

What is “Why should I care about strategic planning?”

More specifically, Thomas J. Curry, Comptroller of the Currency says so. 

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5 Tools Everyone In The Banking Industry Should Be Using

Posted by Megan Plis on 11/16/16 11:32 AM

You see some people using them, and they're working great. Why isn't everybody already on board? Maybe the tools are brand new. Perhaps they're too expensive. Who knows, they might be really exclusive.

Except, most of the time, they're not. So, what keeps people from getting their hands on the best time-saving tools in the banking industry?

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Think | Plan | Execute

Posted by Tom Parsons on 10/19/16 2:07 PM

You've seen the Home Depot ad: "More Doing," and we agree. We think it's time for more doing, or in Plansmith parlance, execution. But what exactly do we mean?

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4 Parts of an Effective Interest Rate Risk Management Program

Posted by Dave Wicklund on 10/12/16 8:07 AM

It's tough out there for banks. With so much competition from other financial institutions and new technologies, not to mention increased government regulation, it's no wonder some bankers feel overwhelmed. One of the hot topics of regulation at the moment is interest rate risk, and examiners want to know how the bank is poised to handle it. What does this come down to? It comes down to a process for handling interest rate risk, or an Interest Rate Risk Management Program.

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